Sanofi Correlations

SNYNF Stock

USD 98.50 3.08 3.23%

The current 90-days correlation between Sanofi and Novartis AG ADR is 0.02 (i.e., Significant diversification). The correlation of Sanofi is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Sanofi Correlation With Market

Average diversification

The correlation between Sanofi and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sanofi and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sanofi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sanofi when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sanofi - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sanofi to buy it.

Moving against Sanofi Pink Sheet

0.73	VIV	Telefonica Brasil Earnings Call This Week	Pair Corr
0.68	ASMVF	ASM Pacific Technology	Pair Corr
0.66	VICI	VICI Properties Earnings Call This Week	Pair Corr
0.6	EM	Smart Share Global	Pair Corr
0.57	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.54	NVS	Novartis AG ADR	Pair Corr
0.53	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.53	GAIN	Gladstone Investment	Pair Corr
0.52	NVSEF	Novartis AG	Pair Corr
0.46	LVS	Las Vegas Sands	Pair Corr
0.45	U	Unity Software	Pair Corr
0.37	TPH	TRI Pointe Homes	Pair Corr
0.36	ITW	Illinois Tool Works Earnings Call This Week	Pair Corr
0.34	LUMN	Lumen Technologies Earnings Call Next Week	Pair Corr
0.33	PHVS	Pharvaris BV Earnings Call This Week	Pair Corr
0.68	HXL	Hexcel Earnings Call Tomorrow	Pair Corr
0.63	TWI	Titan International Earnings Call This Week	Pair Corr
0.61	KAR	KAR Auction Services	Pair Corr
0.61	EBYH	Strainsforpains	Pair Corr
0.58	DLTR	Dollar Tree	Pair Corr
0.57	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.56	ACEL	Accel Entertainment Earnings Call This Week	Pair Corr
0.54	BNS	Bank of Nova Scotia	Pair Corr
0.51	ZVIA	Zevia Pbc	Pair Corr
0.51	CBL	CBL Associates Properties	Pair Corr

Related Correlations Analysis

	NVS	AZN	GSK	RHHBY	BMY	SNY	BAYRY	MRK	ABBV	GILD
NVS		0.58	0.53	0.76	0.17	-0.51	0.0	0.59	0.45	0.83	NVS
AZN	0.58		0.88	0.8	0.57	0.1	0.0	0.41	0.62	0.56	AZN
GSK	0.53	0.88		0.63	0.35	0.1	0.0	0.09	0.4	0.56	GSK
RHHBY	0.76	0.8	0.63		0.53	-0.12	0.0	0.63	0.66	0.58	RHHBY
BMY	0.17	0.57	0.35	0.53		0.25	0.0	0.51	0.4	0.23	BMY
SNY	-0.51	0.1	0.1	-0.12	0.25		0.0	-0.19	0.08	-0.33	SNY
BAYRY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BAYRY
MRK	0.59	0.41	0.09	0.63	0.51	-0.19	0.0		0.67	0.44	MRK
ABBV	0.45	0.62	0.4	0.66	0.4	0.08	0.0	0.67		0.31	ABBV
GILD	0.83	0.56	0.56	0.58	0.23	-0.33	0.0	0.44	0.31		GILD
	NVS	AZN	GSK	RHHBY	BMY	SNY	BAYRY	MRK	ABBV	GILD

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GSK	+ 0.88	AZN
GILD	+ 0.83	NVS
RHHBY	+ 0.8	AZN
RHHBY	+ 0.76	NVS
ABBV	+ 0.67	MRK
ABBV	+ 0.66	RHHBY

High negative correlations

SNY	- 0.51	NVS
GILD	- 0.33	SNY
MRK	- 0.19	SNY
SNY	- 0.12	RHHBY
GILD	- 0.0	BAYRY
ABBV	- 0.0	BAYRY

Risk-Adjusted Indicators

There is a big difference between Sanofi Pink Sheet performing well and Sanofi Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sanofi's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NVS	1.02	(0.01)	(0.08)	0.19	1.22	(1.04)	2.36	(1.95)	6.56
AZN	1.16	(0.04)	(0.06)	0.15	1.38	(1.22)	2.61	(2.36)	6.69
GSK	1.37	(0.04)	(0.05)	0.15	1.85	(1.30)	2.39	(3.28)	8.44
RHHBY	1.24	(0.05)	(0.08)	0.13	1.38	(1.38)	2.51	(2.61)	6.81
BMY	1.42	(0.20)	(0.09)	0.02	2.06	(1.33)	2.63	(3.30)	8.99
SNY	1.24	(0.13)	(0.09)	0.05	1.64	(1.22)	2.32	(2.28)	9.05
BAYRY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MRK	1.40	(0.08)	(0.04)	0.13	1.82	(1.38)	2.90	(3.31)	10.58
ABBV	1.26	(0.06)	(0.02)	0.15	1.72	(1.23)	2.66	(2.40)	8.99
GILD	1.55	(0.10)	(0.03)	0.12	1.85	(1.61)	3.07	(3.00)	11.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sanofi without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Sanofi Corporate Management

Roy Papatheodorou	Gen VP	Profile
Josephine Fubara	Chief Care	Profile
Paul Hudson	CEO Director	Profile
Pierre Chancel	Sr Marketing	Profile
Bruno Mnard	Chief officer	Profile
Laurent Gilhodes	Principal Accounting	Profile

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